2024 Essential Revenue and Operating Information for the 50 Largest Global Freight Companies
Up Front

Revenues declined in 2023 amid an international trade slump, geopolitical conflicts and economic uncertainty.

E-commerce growth and constraints on ocean shipping have fueled strong demand for airfreight this year.

Get a continent-by-continent and country- by-country look at where the Top 50 Global Freight Companies are based.

Rankings
Rank This Year Rank Last Year Company Headquarters Freight Revenue (Millions) Total Revenue (Millions) Freight Revenue Share
1 1 Amazon.com Inc. USA $140,053 $573,988 24.4%
2 3 FedEx Corp. USA $93,316 $93,316 100%
3 2 UPS Inc. USA $90,958 $90,958 100%
4 6 United States Postal Service USA $79,324 $79,324 100%
5 4 DHL Group Germany $66,119 $88,513 74.7%
6 5 Maersk Denmark $48,905 $51,049 95.8%
7 7 CMA CGM France $47,020 $47,020 100%
8 11 Mediterranean Shipping Co. Switzerland $42,286 $42,286 100%
9 12 China State Railway Group China $35,181 $178,584 19.7%
10 9 Kuehne + Nagel International Switzerland $29,659 $29,659 100%
11 10 SF Express China $27,182 $27,182 100%
12 15 Deutsche Bahn Group Germany $26,735 $48,876 54.7%
13 8 Cosco Shipping Group China $24,799 $24,799 100%
14 18 Union Pacific Railroad USA $24,119 $24,119 100%
15 17 BNSF Railway USA $23,876 $23,876 100%
16 14 DSV A/S Denmark $21,884 $21,884 100%
17 22 Indian Railways India $19,634 $31,017 63.3%
18 13 Hapag-Lloyd Germany $19,400 $19,400 100%
19 24 Geopost France $16,976 $16,976 100%
20 19 C.H. Robinson USA $16,373 $17,605 93%
21 21 Nippon Express Japan $15,935 $15,935 100%
22 26 CSX Corp. USA $14,657 $14,657 100%
23 16 Ocean Network Express Japan $14,536 $14,536 100%
24 25 Sinotrans China $14,376 $14,376 100%
25 30 Yamato Holdings Japan $12,870 $13,066 98.5%
26 27 J.B. Hunt Transport Services USA $12,830 $12,830 100%
27 28 SNCF Group France $12,594 $45,140 27.9%
28 31 Canadian National Railway Canada $12,459 $12,459 100%
29 32 Norfolk Southern USA $12,156 $12,156 100%
30 35 SG Holdings Japan $9,689 $10,210 94.9%
31 23 Expeditors International USA $9,300 $9,300 100%
32 - Canadian Pacific Kansas City Canada $9,298 $9,298 100%
33 37 CJ Logistics South Korea $9,006 $9,006 100%
34 20 Evergreen Marine Corp. Taiwan $8,499 $8,881 95.7%
35 34 XPO USA $7,744 $7,744 100%
36 40 Dachser Group Germany $7,682 $7,682 100%
37 47 Rhenus Group Germany $7,644 $8,115 94.2%
38 46 Kintetsu World Express Japan $7,515 $7,515 100%
39 44 Knight-Swift Transportation USA $7,142 $7,142 100%
40 48 GLS Group The Netherlands $6,693 $6,693 100%
41 - Ryder System USA $6,660 $11,783 56.5%
42 29 HMM Co. South Korea $6,429 $6,429 100%
43 45 TFI International Canada $6,417 $6,417 100%
44 36 Kerry Logistics Hong Kong $6,055 $6,055 100%
45 50 Old Dominion Freight Line USA $5,866 $5,866 100%
46 41 Toll Group Australia $5,600 $5,600 100%
47 49 Schneider USA $5,499 $5,499 100%
48 43 Landstar System USA $5,303 $5,303 100%
49 33 ZIM Integrated Shipping Services Israel $5,162 $5,162 100%
50 - Estes Express Lines USA $5,074 $5,074 100%
Extras

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Post-COVID normalization and shaky economic conditions led to a difficult year at container ports and airports in 2023.

Learn more about Transport Topics’ Top 50 Global Freight Companies publication.

Global Freight News
Business, Logistics, Global Freight

German Government Settles Internal Dispute Over Port Stake Sale to China

The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China’s state-owned shipping conglomerate Cosco Shipping Holdings Co.

October 25, 2022
Business, Equipment, Global Freight, TCA

Alabama Port Study Highlights Growth, Economic Impact

The Alabama State Port Authority has released a new study showing significant growth in jobs, tax revenue and general economic impact since 2019, underscoring the port’s place as a major economic driver in the state.

Lawrence Specker | Alabama Media Group
October 24, 2022
Business, Technology, Global Freight

CSX Q3 Profit Up 15% as Railroad Hauls 2% More Freight

CSX Corp. delivered 15% more profit in the third quarter as it handled 2% more freight and worked to eliminate the delays shippers have been complaining about for months.

Josh Funk | Associated Press
October 21, 2022
Business, Equipment, Global Freight, TCA

UPS Aircraft Mechanics Ratify Labor Contract

Aircraft mechanics at UPS Inc. voted to ratify a labor contract extension that will give them a 3.3% hike in pay annually for three years, the International Brotherhood of Teamsters union announced Oct. 18.

Kelly Yamanouchi | The Atlanta Journal-Constitution
October 19, 2022
Business, Safety, Global Freight, TCA

California Ports Reveal Surge in Harmful Emissions in 2021

California port officials announced an unprecedented increase in harmful emissions last year. Although the increase in pollution was substantial, officials said emissions are still much lower than levels in the mid-2000s.

Tony Briscoe | Chicago Tribune
October 18, 2022
Government, Technology, Logistics, Global Freight, TCA

Truckers Win Over BNSF in Case Regarding Illinois Biometrics Law

In what is believed to be the first jury verdict related to Illinois’ strict biometrics privacy law, a $228 million judgment has been entered against BNSF Railway in a class-action lawsuit over the railroad’s collection of fingerprint data.

Sarah Freishtat | Chicago Tribune
October 17, 2022
Business, Technology, Equipment, Fuel, Logistics, Global Freight

Maersk Expands Green Fleet With $1 Billion Order for Vessels

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant’s plan to become carbon neutral.

Christian Wienberg | Bloomberg News
October 5, 2022
Business, Logistics, Global Freight

MSC Launches Air Cargo Business

Mediterranean Shipping Co., the world’s largest container line, will expand into air cargo using four leased Boeing Co. wide-body freighters after missing out in a bid for Italy’s flag-carrier airline.

Bryce Baschuk | Bloomberg News
September 27, 2022
Business, Logistics, Global Freight

Shipping Container Lines Set to Smash Year-Old Profit Record

The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.

Brendan Murray | Bloomberg News
August 9, 2022
Business, Technology, Fuel, Logistics, Global Freight

HMM to Continue Deploying More Ships as Port Congestion Persists

HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

Kyunghee Park | Bloomberg News
May 10, 2022
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